In The News

Mercy Housing is only one of many groups trying to influence Congressional opinions, so it’s not often that we can point to someone increasing their support for housing and community development programs and say “that was definitely us.” As always, this example comes to you courtesy of the hard work in the community that you

This letter summarizes our recent response to a HUD proposal to engage CDFIs on preserving small, unsubsidized rental projects. “Naturally affordable” multifamily properties of less than 50 units account for a much greater proportion of the affordable housing stock than government-assisted housing. For a mechanism, HUD proposed that GNMA-servicer-certified CDFIs would provide permanent debt for

Mercy Loan Fund recently signed on to this letter encouraging the House of Representatives to include a technical fix to the CDFI Bond Guarantee Program (CBGP) language in the upcoming 6-month Continuing Resolution that will allow the government to fulfill its financial obligations despite not passing a budget. The CBGP This language adds NO COST

Thanks to a $500,000 loan and an extended line of credit from Mercy Loan Fund and the Bon Secours Health System, the Better Housing Coalition in Richmond, Virginia, will be able to expand its development of high-quality, affordable workforce housing in the Blackwell neighborhood more rapidly. With this new funding, more than 60 individuals and

Thanks to a $1,159,055 loan from Mercy Loan Fund to ROC USA® Capital (ROC USA), 384 low-income residents at Champion Mobile Home Park in Elbridge, New York will continue to have quality, affordable housing.  Champion consists of 170 mobile homes owned by seniors and working families, the majority at or below 80 percent of the